Nvidia CEO Jensen Huang's Net Worth Surpasses Intel's Market Capitalization

TapTechNews October 7th news, the personal net worth of Nvidia CEO Jensen Huang has now reached 109.2 billion US dollars (TapTechNews note: currently about 772.411 billion yuan). It has exceeded the market capitalization of Intel (96 billion US dollars).

With the boom of artificial intelligence and Nvidia's outstanding performance as a leading AI GPU accelerator manufacturer, its stock price has soared and even briefly became the company with the highest global market capitalization last June. Although its stock price has since pulled back, falling about 10% from the historical high, but it still ranks among the top five global companies, second only to tech giants such as Apple, Microsoft, Alphabet (Google), and Amazon.

The rise in the stock price has also brought huge wealth to Jensen Huang. He directly holds more than 75 million Nvidia shares and another 786 million shares through various trusts and partnerships. Although he has cashed out more than 700 million US dollars by selling 6 million shares this year, it is just a drop in the bucket compared to the total valuation of the Nvidia shares he holds. The wealth growth of Jensen Huang has pushed him up to the 11th place on the Forbes Real-Time Billionaires List, only 20 billion US dollars away from entering the top ten.

On the other hand, Intel has performed poorly this year, and the current market capitalization is 96.39 billion US dollars. Its stock price is $22.59 per share at the time of writing this article, less than half of its historical high of $50 at the end of 2023. In early August this year, Intel's financial distress was exposed, resulting in a 39 billion US dollars shrinkage in its market capitalization overnight. There are rumors that it may be removed from the Dow Jones Industrial Average due to the decline in market capitalization.